- Senate Bill 2111 clarifies sales and use tax obligations, allowing buyers to register property if they remit taxes directly to the state when retailers fail to do so.
- Starting January 1, 2025, leases of trailers (excluding semitrailers) registered in Illinois will be subject to sales tax, with lessors required to file separate monthly electronic returns.
- The Regional Transportation Authority (RTA) in several counties can increase sales tax rates by 0.25 percentage points effective June 1, 2026, potentially generating $478 million annually for transit funding.
- The bill aims to improve tax compliance and support mass transit and infrastructure investment in the Chicago area.
- Governor Pritzker signed the bill on December 16, 2025; businesses and residents should prepare for these changes.
Source: salestaxinstitute.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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